Page 10 - CityofSouthlakeFY26AdoptedBudget

vehicle replacement program was designed to even out expenses for the City’s fleet from year to year
and provide a logical method for purchasing and retiring vehicles.

Debt Service ................................................................................................................................................ 305

This section provides a summary of the annual principal and interest payments for all outstanding
bonded debt and capital leases. Also included are some fast facts about the City’s use of debt and how
that debt is funded both through property tax revenue and through dedicated, self-supporting revenue
streams such as sales tax revenues for park development.

Tax Supported vs. Self-Supporting Debt .......................................................................................................................... 307
Introduction
Debt Management ........................................................................................................................................................................309
The Relationship Between Property Taxpayers and Debt Repayment ............................................................... 310
General Obligation Debt Overview ........................................................................................................................................312
Debt Service Fund ..........................................................................................................................................................................314
Revenue Bond Overview .............................................................................................................................................................315
Southlake Parks Development Corporation .......................................................................................................................318
Southlake Parks Development Corporation (SPDC) Debt Service Fund .......................................................... 320
Community Enhancement and Development Corporation .......................................................................................322
Community Enhancement and Development Corporation (CEDC) Debt Service Fund ............................324

Special Revenue Funds .............................................................................................................................. 325

This section provides a detailed spending plan for funds which account for proceeds of specific revenue
sources that are legally restricted for certain purposes.

Introduction ......................................................................................................................................................................................327
What are special revenue funds? ...........................................................................................................................................328
How are special revenue funds used? .................................................................................................................................330
Fund Summaries & FY 2026 Highlights ..............................................................................................................................333
Sales Tax Districts ........................................................................................................................................................................ 334
Crime Control & Prevention District (CCPD) Fund ........................................................................................................335
Southlake Parks Development Corporation (SPDC) Fund ....................................................................................... 338
Community Enhancement and Development Corporation (CEDC) Fund ........................................................341
Other Special Revenue Fund Summaries & FY 2026 Highlights ...........................................................................344
Commercial Vehicle Enforcement Fund ............................................................................................................................ 345
Court Security Fund ....................................................................................................................................................................346
Court Technology Fund ..............................................................................................................................................................347
Hotel Occupancy Tax Fund ...................................................................................................................................................... 348
Library Donation Fund ............................................................................................................................................................... 349
Park Dedication Fee Fund ........................................................................................................................................................350
Parks and Recreation Fund ........................................................................................................................................................351
Police Special Revenue Fund ...................................................................................................................................................352
Public Art Fund ...............................................................................................................................................................................353
Recycling Fund .............................................................................................................................................................................. 354
Red Light Camera Fund..............................................................................................................................................................355

10 FY 2026 City of Southlake | Budget Book FY 2026 City of Southlake | Budget Book 11